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[JUST IN] Cash Scarcity: NLC, CBN Meet In Abuja
Published
2 years agoon
By
Editor
…We Pushed In N20bn On Thursday–CBN
In less than 24 hours after the leadership of the Nigeria Labour Congress, NLC, directed all its branches and affiliate unions to mobilize members for a shutdown of all the branches of the Central Bank of Nigerian, CBN, across the country, over cash scarcity, the apex bank on Thursday evening met with the NLC at the Labour House Abuja.
Recall that the Comrade Joe Ajaero-led NLC, had on Wednesday while addressing journalists said that activities in all branches of the CBN nationwide and the Abuja headquarters will be shut down on Wednesday next due to the cash crunch in the country.
Comrade Ajaero had advised workers to stockpile food items as the industrial dispute with the CBN will be total.
He said Nigerians have been subjected to untold hardship occasioned by the scarcity of naira notes to attend to medical needs and other areas of need.
READ ALSO: NLC Protests: CBN To Flood Banks With Old Naira Notes
It was gathered that the NLC threat to paralyze activities at the CBN necessitated the impromptu meeting which started at about 5 pm on Thursday.
The two man delegation made up of the CBN Deputy Gpvrrnor in charge of operations and the Deputy Governor in charge of Economic Pokicy, told the NLC President that about two billion naira was pushed out on Thursdsy in a bid to address the hardship.
A source privy to the meeting told Vanguard that the CBN promised to ensure that the scarcity of naira notes will come to an end as quickly as possible.
“They said the money they pushed out today is equivalent to the whole money pushed out within the week. They also promised to work day and night starting from this night to ensure that there is enough money in the banks,” the source said.
He further said that the CBN denied the allegation that it was printing money out of the country and that the Governor, Godwin Emefiele has directed that the old naira notes should be made available to customers.
Besides, the source denied the allegation that the old naira notes have been burnt, assuring that there will be remarkable improvement in few days to come.
It was gathered that the NLC President, Comrade Ajaero told the CBN delegation that he was not interested in how much that was pushed out, but only interested in seeing that workers and other Nigerians collect their money in banks without stress..
READ ALSO: NLC Gives FG 7-day-ultimatum Over Naira Scarcity
“The President told them that it does not bother us how much they pushed out, our concern is to see that this hardship comes to a stop.
“He also told them that they should work day and night to solve the problem and will depend on the feedback from the average Nigerians who go to the banks to make withdrawals whether there is improvement before Wednesday next week NLC planned to picket the apex bank ,” the source said.
When contacted, the NLC President, Comrade Ajaero, confirmed the meeting and said that the interest of the leadership is to see that Nigerians are able to withdraw their money devoid of the hardship they are passing through.
“We will only know that they are serious when we see improvement,” he added.
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Anxiety As Trump Gives Russia 50 Days To Make Ukraine Deal
Published
47 minutes agoon
July 15, 2025By
Editor
US President Donald Trump told Russia on Monday to end its war in Ukraine within 50 days or face massive new economic sanctions, as he laid out plans for infusions of weaponry for Kyiv via NATO.
Trump said he was “very, very unhappy” with Vladimir Putin, underlining his insistence that his patience had finally snapped with the Russian leader’s refusal to end the deadly conflict.
“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100 percent,” Trump said during an Oval Office meeting with NATO Secretary General Mark Rutte.
The Republican added that they would be “secondary tariffs” that target Russia’s remaining trade partners — seeking to impede Moscow’s ability to survive already sweeping Western sanctions.
Russia’s top trading partner last year was China, accounting for about 34 percent, followed distantly by India, Turkey and Belarus, according to the Russian Federal Customs Service.
Trump and Rutte also unveiled a deal under which the NATO military alliance would buy billions of dollars of arms from the United States — including Patriot anti-missile batteries — and send them to Ukraine.
“This is really big,” said Rutte, as he touted a deal aimed at easing Trump’s long-held complaints that the United States is paying more than European and NATO allies to aid Ukraine.
Germany, Canada, Denmark, Finland, the Netherlands, Norway, Sweden and Britain were among the buyers helping Ukraine, added the NATO chief.
“If I was Vladimir Putin today and heard you speaking… I would reconsider that I should take negotiations about Ukraine more seriously,” said Rutte.
Ukraine’s President Volodymyr Zelensky said he had spoken with Trump and was “grateful” for the arms deal.
In a BBC interview published Tuesday, Trump expressed disappointment with Putin.
READ ALSO:Putin Says Will Speak With Trump On Phone Today
“I’m disappointed in him, but I’m not done with him,” the US president said.
When asked if he trusted the Russian leader, Trump replied: “I trust almost no one.”
– Growing frustration –
Trump attempted a rapprochement with Putin shortly after starting his second term, having campaigned on a pledge to end the Ukraine war within 24 hours.
His pivot towards Putin sparked fears in Kyiv that he was about to sell out Ukraine, especially after he and his team berated Zelensky in the Oval Office in February.
But in recent weeks, Trump has shown increasing frustration with Putin, as Russian has stepped up attacks rather than halting them.
Trump said his wife Melania had helped change his thinking about Putin.
READ ALSO:Trouble Looms As Trump Gives Iran Two Weeks To Avoid US Airstrikes
“I go home, I tell the First Lady, ‘you know, I spoke to Vladimir today, we had a wonderful conversation,’” Trump said. “And she said, ‘Oh really? Another city was just hit.’”
He added of Putin: “I don’t want to say he’s an assassin, but he’s a tough guy.”
Washington has also U-turned on pausing some arms deliveries to Kyiv.
German Chancellor Friedrich Merz said Berlin would play a “decisive role” in the new weapons plan.
But EU foreign policy chief Kaja Kallas said Trump’s sanctions deadline was too far into the future. “Fifty days is a very long time if we see that they are killing innocent civilians every day,” she said.
READ ALSO:Trump Orders Deportation Drive Targeting Democratic Cities
Beijing opposed what it called attempts at “coercion”, including “all illegal unilateral sanctions and long-arm jurisdiction.”
“Coercion and pressure will not solve problems,” foreign ministry spokesman Lin Jian said on Tuesday.
– ‘Better late than never’ –
US Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal, who are pushing a bipartisan bill on Russia secondary sanctions, praised Trump’s “powerful” ultimatum to Russia.
Trump’s special envoy Keith Kellogg arrived in Kyiv on Monday for what Zelensky called a “productive meeting.”
READ ALSO:Trump Tells Russia To ‘Get Moving’ On Ukraine As US Envoy Meets Putin
One Ukrainian soldier deployed in the war-scarred east of the country, who identified himself by his call sign Grizzly, welcomed Trump’s promise of fresh air defense systems.
“Better late than never,” the 29-year-old told AFP.
Russian forces meanwhile said on Monday they had captured new territory in eastern Ukraine with the seizure of one village in the Donetsk region and another in the Zaporizhzhia region.
Its forces also killed at least three civilians in the eastern Kharkiv and Sumy regions on Monday, Ukrainian officials said.
In Kyiv, Zelensky also proposed a major political shake-up, recommending economy minister Yulia Svyrydenko take over as prime minister, and appointing incumbent Prime Minister Denys Shmygal as defense minister.
AFP
Headline
US Threatens Visa Overstayers With Lifetime Ban
Published
18 hours agoon
July 14, 2025By
Editor
The United States government has issued a severe warning to foreign nationals who overstay their visa validity.
The embassy also cautioned that such action could lead to deportation and a permanent ban from re-entering the country.
In a statement made available to the press on Monday, US immigration authorities reiterated their longstanding policy on visa compliance, saying, “If you remain in the United States beyond your authorised period of stay, you could be deported, and could face a permanent ban on traveling to the United States.”
READ ALSO:Most Followed Tiktoker Khaby Lame Deported From US Over Visa Violation
This warning comes amid rising migration figures, especially among young Africans, many of whom travel to the United States in pursuit of better education and economic opportunity.
According to recent data from the US Department of Homeland Security, visa overstays represent a significant portion of immigration violations annually, prompting tighter enforcement measures and renewed public awareness campaigns by the US Citizenship and Immigration Services.
However, under US immigration law, individuals who remain in the country unlawfully for more than 180 days can face a three- or ten-year ban and, in some cases, a lifetime bar from returning.
For Nigerians seeking to relocate or study in the US, the warning serves as a reminder to comply strictly with immigration terms, especially as global scrutiny on migration grows fiercer.
Headline
US Will Send Ukraine Patriot Air Defense Systems
Published
1 day agoon
July 14, 2025By
Editor
President Donald Trump on Sunday said the United States would send Patriot air defense systems to Ukraine to help it fight off a Russian invasion, as his relations with Russian President Vladimir Putin soured.
“We will send them Patriots, which they desperately need,” Trump said, without specifying how many, just two weeks after Washington said it would pause some arms deliveries to Kyiv.
“I haven’t agreed on the number yet, but they’re going to have some because they do need protection,” he told reporters.
READ ALSO:After Fallout With Trump, Elon Musk Says He’s Forming ‘America Party’
The weapons delivery will be part of a new deal which Trump says will involve NATO paying the United States for some of the weapons it sends to Ukraine.
“We basically are going to send them various pieces of very sophisticated military and they’re going to pay us 100 percent for them,” Trump told reporters.
The US president repeated that he was “disappointed” in Putin.
READ ALSO:Trump Birthright Citizenship Order Halted In Class-action Suit
When he first returned to the White House in January Trump insisted he could work with the Russian leader to end the war, but grew increasingly frustrated as Russian missiles continued with no ceasefire in sight.
“Putin really surprised a lot of people. He talks nice and then he bombs everybody in the evening,” said the disgruntled Trump.
US special envoy Keith Kellogg is due to begin his latest visit to Ukraine on Monday.
Trump also said he would meet NATO Secretary General Mark Rutte on Monday, when he previously said he would make a “major statement… on Russia.”
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